what did imf and world bank say about india there was panic in america also

ANI

61 MoUs of Maharashtra have been signed with big companies around the world. An investment of Rs 15.7 lakh crore will provide employment to 16 lakh people in Maharashtra.

India’s strength was visible in Davos. India’s growing economy has been praised in the World Economic Forum. Chief Ministers of many states participated in it from the Indian side. India managed to secure investment commitments of over Rs 20 lakh crore on the very first day, of which Maharashtra alone accounted for almost 80 per cent. 61 MoUs of Maharashtra have been signed with big companies around the world. An investment of Rs 15.7 lakh crore will provide employment to 16 lakh people in Maharashtra. Telangana was at second place which has signed 20 MOUs. The total investment proposal is Rs 1.80 lakh crore. Apart from this, the states of Kerala, Uttar Pradesh, Andhra Pradesh have also been successful in getting investment. There will be 17 thousand job opportunities in Hyderabad.

In this, the strength of Team India was shown during the entire event and it was also praised. Appreciated by organizations across the world participating in the World Economic Forum. The Chairperson of the International Monetary Fund (IMF) said that India is the fastest growing economy in the world and the most preferred destination for investment. World Economic Forum CEO Borge Brende praised India and said that India is on the path of rapid progress. India is set to become a $10 trillion economy in the next ten years. Borge Brende said that due to higher investment due to economic reforms, India’s GDP can grow at the rate of 7 to 8 percent. Brende further said that we expect that in a few years India’s share in the total global growth will be 20 percent.

Its co-founder Francisco D’Souza said that India is the hub of the IT services industry. India is providing all the IT related services required to the whole world. IMF Deputy MD Geeta Gopinath said that India remains the fastest growing major economy in the world. Geeta Gopinath said that India’s economic policy is excellent, due to which its economic progress will continue at a rapid pace. Bank of America CEO Brian Moynihan said India’s talent, education system and ability to produce engineers on a large scale is remarkable.

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